How many Gokhale Method franchises in Utah were reacquired in 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
021 to 2023
| State | Year | Outletsat Startof Year | Outlets Opened | Terminatio ns | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outletsat Endofthe Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE REPRESENTATIONS (FDD pages 30–34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, there were no franchises reacquired in Utah during 2022. The provided table in Item 20 outlines the status of franchised outlets, including reacquired franchises, for the years 2021, 2022, and 2023.
The table specifically lists Utah as having one outlet at the start of 2022, zero outlets opened during the year, zero terminations, zero non-renewals, zero reacquired franchises, and one outlet that ceased operations for other reasons. This resulted in zero outlets at the end of 2022.
This data indicates that Gokhale Method did not reacquire any franchises in Utah during that year. However, one franchise ceased operations for other reasons. For a prospective franchisee, this highlights the importance of understanding the factors that lead to the closure of a Gokhale Method franchise, even if it is not reacquired by the company.